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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Revenues, net:    
Total revenues, net $ 1,342,802 $ 1,346,632
Cost of goods sold 703,554 732,183
Gross profit 639,248 614,449
Operating expenses:    
Selling, general and administrative 421,532 414,773
Share-based compensation 25,696 20,010
Depreciation and amortization 171,823 136,783
Total operating expenses 619,051 571,566
Income from continuing operations 20,197 42,883
Other income (expense):    
Interest income 776 23
Interest expense (59,353) (57,966)
Interest expense related to lease liabilities and financial obligations (41,263) (42,416)
Loss on impairment (54,245) (67,076)
Other income, net 16,259 186
Total other expense, net (137,826) (167,249)
Loss before provision for income taxes (117,629) (124,366)
Provision for income taxes (98,592) (114,589)
Net loss from continuing operations (216,221) (238,955)
Net loss from discontinued operations (5,786) (51,382)
Net loss (222,007) (290,337)
Less: Net loss attributable to non-controlling interest (6,584) (9,140)
Net loss attributable to Curaleaf Holdings, Inc. $ (215,423) $ (281,197)
Per share – basic and diluted    
Net loss per share from continuing operations, net of the loss per share and excess redemption value attributable to non-controlling interest - basic (in dollars per share) [1] $ (0.31) $ (0.32)
Net loss per share from continuing operations, net of the loss per share and excess redemption value attributable to non-controlling interest- diluted (in dollars per share) [1] (0.31) (0.32)
Net loss per share from discontinued operations, net of loss per share attributable to non-controlling interest - basic (in dollars per share) [1] (0.01) (0.07)
Net loss per share from discontinued operations, net of loss per share attributable to non-controlling interest - diluted (in dollars per share) [1] (0.01) (0.07)
Net loss per share attributable to Curaleaf Holdings, Inc. - basic (in dollars per share) [1] (0.32) (0.39)
Net loss per share attributable to Curaleaf Holdings, Inc. - diluted (in dollars per share) [1] $ (0.32) $ (0.39)
Weighted average common shares outstanding - basic (in shares) [1] 740,825,099 724,124,894
Weighted average common shares outstanding - diluted (in shares) [1] 740,825,099 724,124,894
Retail and wholesale revenues    
Revenues, net:    
Total revenues, net $ 1,336,706 $ 1,340,778
Management fee income    
Revenues, net:    
Total revenues, net $ 6,096 $ 5,854
[1]
(1) While the recognition of excess redemption value only impacts the Consolidated Balance Sheets, ASC 480-10, Distinguishing Liabilities from Equity, requires the excess redemption value be factored into the Company's computation of earnings per share - basic and diluted. See Note 24 — Earnings per share for further details.